US to sell USD 69bln of 2-year notes on June 23rd, USD 70bln of 5-year notes on June 24th and USD 44bln of 7-year notes on June 25th; all to settle June 30th (as expected)

FRN

• US to sell USD 28bln 2year FRN on June 24th; to settle June 26th. 

Bills

• US to sell USD 89bln of 13-week bills and USD 77bln of 26-week bills on June 222nd; to settle June 25th.

2-Year Note Auction Contingency

• If auction of 2-year notes on June 23 results in high yield in range of 4.00% to 4.124%, 2-year notes will be considered additional issue of outstanding 5-year notes issued June 30, 2023.
• Results of 2-year note auction could result in unscheduled reopening of 5-year notes of Series Aa-2028.

5-Year Note Auction Contingency

• If auction of 5-year notes on June 24 results in high yield in range of 4.250% to 4.374%, 5-year notes will be considered additional issue of outstanding 7-year notes issued July 1, 2024.
• Results of 5-year note auction could result in unscheduled reopening of 7-year notes of Series M-2031.